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La Salle County/Utica/61373

61373

ZIPSAFMR
La Salle County, IL
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,020
1 BR$1,120$1,120
2 BR$1,470$1,470
3 BR$1,910$1,910
4 BR$2,360$2,360
5 BR$2,714Not available
6 BR$3,121Not available
7 BR$3,589Not available
8 BR$4,128Not available

Purchase Price Calculator

Maximum purchase price
$156,525

Cost breakdown

+Likely effective rent$1,470
HUD FMRUsed$1,470
Market rentN/A
Est. payment standardN/A
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 61373 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61373 (Utica, IL) is $1,470 a month. That is up 2.8% from $1,430 in FY 2026. Utica is in the La Salle County, IL non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,052. Among 34 ZIP codes in La Salle County, 61373 has the 7th-highest two-bedroom rent (county range $980–$1,990). The median county two-bedroom FMR in Illinois is $958, so ZIP 61373 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61373
BedroomsFY 2027Change90–110% range
Studio$1,0200.0%$918–$1,122
1BR$1,120+2.8%$1,008–$1,232
2BR$1,470+2.8%$1,323–$1,617
3BR$1,9100.0%$1,719–$2,101
4BR$2,360+4.9%$2,124–$2,596

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61373
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,120$1,470$1,910$2,360
FY 2026$1,020$1,090$1,430$1,910$2,250
FY 2025$960$1,000$1,310$1,760$1,980
FY 2024area FMR$694$699$918$1,248$1,357
FY 2023area FMR$669$673$886$1,200$1,274

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby La Salle County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61373
61342$980−33.3%
61348$980−33.3%
61350$1,070−27.2%
61354$980−33.3%
61358$1,040−29.3%
61360$1,320−10.2%
61364$980−33.3%
61370$1,010−31.3%
61371$980−33.3%
61372$980−33.3%
61373Current$1,470—
61377$1,010−31.3%

Questions about ZIP 61373 rents

How much will Section 8 pay for a two-bedroom in ZIP 61373?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,052, which applies unless the housing authority uses Small Area FMRs, that basic range is $947 to $1,157 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 61373 in?

ZIP 61373 is in the La Salle County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,052.

How much did fair market rent change in ZIP 61373 for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,430 in FY 2026 to $1,470 in FY 2027. Since FY 2025 it has risen 12.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentUtica, IL fair market rentIL statewide rentsWhat is SAFMR?Data sources